Through the merger, BCR Asigurari absorbed Omniasig and took its name. The new insurer has started operations on May 1 and former Omniasig ceased its activity, Omniasig said in a press release Tuesday.
In 2011, former Omniasig underwrote premiums of RON761.55 million, and BCR Asigurari registered revenues from underwritten premiums of RON441 million.
VIG is one of the largest insurance groups in Central and Eastern Europe. The group is floated on the Vienna Stock Exchange. In Romania, VIG also controls Asirom. (EUR1=RON4.397)